A pair of Fiji nationals residing in California were sentenced for leading a multimillion-dollar mortgage fraud scheme. According to court records, Jyoteshna Karan and Praveen Singh Karan conspired to make straw purchases and short sales of approximately 15 homes from...
February was a rough month for the condominium market, with roughly two-thirds (68.4%) of these properties selling for less than their original asking price, according to new data from Redfin (NASDAQ: RDFN). This is up from 63.3% a year earlier and the highest...
Crescent Seas, a provider of residential luxury living at sea, has added of a second ship to its portfolio. The Crescent Seas’ second ship, Insignia, will undergo a more than $50 million comprehensive revitalization and will feature 290 residences priced from...
Mortgage rates sank again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.64% as of April 3, down slightly from last week when it averaged 6.65%. A year ago at this time, it averaged...
Avanti Residential, a Denver-based multifamily investor and operator, has rolled out its new affiliate Avanti Residential Housing, which will focus on Low-Income Housing Tax Credit (LIHTC) development, acquisition, and preservation. The new Tampa-based affiliate will...
A total of 5,011 home sales were transacted through the Toronto Regional Real Estate Board’s (TRREB) MLS System in March, a 23.1% year-over-year decline. On an unadjusted basis, March sales were down month-over-month compared to February. While sales were down, new...
Hits and Misses for the Real Estate Week of May 11-15
